Mortgage Broker / Banker (NMLS)

Mortgage Broker / Banker (NMLS) Information

Mortgage Brokers are real estate financing experts that help people find and negotiate financing terms for their specific mortgage who are required to obtain a Mortgage Broker Bond. This surety bond is required to ensure compliance with state regulations governing this line of business. These bonds are required by states to protect consumers that are in the process of obtaining mortgages. Our agency has a variety of programs designed to get all types of Mortgage Brokers approved at excellent rates.

Our agency offers a variety of programs designed to help all types of mortgage bonds get approved quickly, and at excellent rates, in all 50 states.

100% Secure Online Application

Lowest Rates

Approval Rate Nearly 100% (even for the less than perfect credit applicants)

First, you’ll want to contact the specific state department that oversees mortgage agencies about your desire to conduct business in that state. Some state’s offer checklists online, which can be very helpful.
In addition to submitting an application to be become registered or licensed, most states require a surety bond be posted to guarantee compliance with their mortgage regulations. Getting bonded with All Commercial Surety is simple. Once your bond has been issued, you’ll submit a signed copy of the original bond to the state to be filed with your license.
Frequently asked questions about the Mortgage Broker Surety Bonds:

How much does a Mortgage Broker Bond cost?

Annual premium amounts are determined based on owner personal credit. Owners with stellar credit may be eligible for standard market rates, which range from 1% to 3% of the bond amount.
If the owner has a low credit score, or past due items on their credit report, annual premium typically ranges between 5% to 15% of the bond amount. For most states, our high risk rate does not exceed 7.5%.

How do I get a Mortgage Broker Bond?

The first step is to apply for a free quote. Once you’ve been approved, your agent will provide you with the bond premium due, along with an agreement with the surety. Once you’ve paid for your bond, and provided a signed copy of the indemnity agreement, your Mortgage Broker Bond will be mailed out to you.

Can I get approved for a Mortgage Broker Bond if I have bad credit?

Yes. While many sureties only offer quotes to customers with stellar credit, we have a variety of mortgage agency bond programs that allows us to approve over 99% of applicants through our online application. Your annual premium will depend on your individual credit profile, but we’re able to offer very aggressive rates.
Will my Mortgage Broker Bond work for multiple states?

No. You'll need to post a separate bond for each state that you will be conducting business in. Each state has their own bond requirements, and therefore you'll need to make sure to comply with each state's respective bond regulations.

Over 125 years of combined experience

As a surety bond broker, we work for YOU not the surety company. We are licensed nationwide and appointed by 25 surety companies so that we are able to offer the best solution for all surety bond needs. We are a small organization that strives to make you feel like part of our family.

Working with trusted insurance companies

Three party agreement

Surety Bond Definition: The definition of a surety bond is as follows: A surety bond is a binding agreement between three parties. This agreement sets forth a financial guarantee by one party ( “surety” ) to another party ( “obligee” ) that a third party ( “principal” ) will fulfill required obligations to the obligee, and that state, federal, and local laws and applicable regulations will be adhered to. Let’s examine each of the three parties.

Bad Credit – Fast Approvals – Lowest Rates Available.

Credit below 650 and/or have blemishes on credit report.

Average cost is 5-15% of the bond amount.

Available for all commercial bonds.

Why does credit matter? Applying for a surety bond is similar to applying for a loan. You are asking a surety company to back you financially. Reviewing credit is the best method for the surety to understand their risk. All sureties review credit as a view only and should have no effect on your credit score.
While it is true that bad credit makes it harder to obtain a competitive quote, we are committed to making sure all of our customers have access to the best possible rates. While we can’t guarantee that we can provide a bond for the most extreme bad credit situations, we strive to make sure no stone is unturned! In other words, if you are insurable, we will get it written. Contact us today and let us put together an online quote for you that will exceed your expectations.

Free Quote

Before proceeding, you must be a US Citizen to apply. Once full application is received, we will contact you with a quote or request for additional information by email and a follow-up phone call. If you have questions, you may call us at 1-855-965-BOND.

An asterisk * indicates a required field.

Step 1 of 3

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Email Address*

Select from the drop down menu the Type of Bond Needed*

If you cannot locate your bond type, select general and be sure to give additional information in the space provided later in the application.

What State is the Bond Required?

Organization Requiring You To Obtain Bond

Bond Amount*

Contact First Name*

Contact Last Name

Phone Number*

May we text you information about your quote?*

Yes

No

If yes, please provide mobile number if different than above

Relationship to the Applicant*

Company Type*

Line of Work

Years in Business

Company Name - If applicable - Full Legal Name

Company Address Line 1 - Physical Address

Company Address Line 2

City

State

Zip Code

County (hint: do NOT enter USA or United States)

Principal/Owner Information + Additional Owners

Bond Applicant Name

Bond Applicant SS# *

Home Address

City

State

Zip

Date of Birth

*You may apply without providing your SS# - however, we may not be able to quote without. This is done by a soft pull only and will not affect your credit.

Additional Information you would like to provide:

Hylant Agreement

I accept my information to be sent securely to Hylant Business Insurance Quote.

Business Services

Before proceeding, you must be a US Citizen to apply. Once full application is received, we will contact you with a quote or request for additional information by email and a follow-up phone call. If you have questions, you may call us at 1-855-965-BOND.

An asterisk * indicates a required field.

Describe Product or Service*

Bond Amount*

# of Employees*

Email Address*

Phone*

May we text you surety bond information?*

Yes

No

If yes, provide mobile number if different than above:

Business Name*

Street Address*

City*

State*

Zip*

Entity Type*

Has the applicant suffered any dishonesty losses during the past 6 years?*

Yes

No

Has the applicant had prior third party coverage within the past six years?*

Yes

No

Has employee dishonesty coverage carried by the applicant been cancelled within the past 6 years?*

Yes

No

Does your business act as a money or securities handler or messenger?*

Yes

No

Does your business act as a bookkeeper, accountant, or assist clients with handling finances?*